Highest-materiality recent filing
TXNM Energy Q1 ongoing EPS $0.21; capital plan $10.2B; Blackstone deal on track for H2 2026
GAAP net earnings $3.7M ($0.03 EPS); ongoing net earnings $23.8M ($0.21 EPS) vs Q1 2025 $0.10/$0.19.
TXNM Energy reports 2025 EPS $1.48 GAAP, $2.33 ongoing; Blackstone acquisition progresses
2025 GAAP diluted EPS $1.48 vs $2.67 in 2024; ongoing diluted EPS $2.33 vs $2.74.
TXNM Energy subsidiaries issue $70M bonds, extend credit lines, and complete $91.9M pension transfer
TNMP issued $70M of 4.69% first mortgage bonds due 2031; proceeds for debt repayment and capex.
TXNM Energy issues $350M of 7% junior subordinated convertible notes due 2056
$350M aggregate principal at 7.000% fixed through Jul 31, 2031, then 5Y Treasury + 3.254% floor 7.000%.
Commenced marketing for private offering of fixed-to-fixed reset rate junior subordinated notes (Rule 144A/Reg S).
TXNM Energy Q3 GAAP EPS $1.22, ongoing $1.33; Blackstone deal shareholder-approved
Q3 GAAP diluted EPS $1.22 vs $1.45 YoY; ongoing EPS $1.33 vs $1.43 YoY.
TXNM shareholders approve $61.25/sh acquisition by Blackstone Infrastructure; 99.6% vote in favor
Over 92.9M shares voted for the merger (99.6% of votes cast; 88.2% of outstanding shares).
Q2 2025 GAAP diluted EPS $0.22 vs $0.53 Q2 2024; ongoing diluted EPS $0.25 vs $0.60.
Six tranches: $245M 4.83% due 2030, $245M 5.12% due 2032, $240M 5.44% due 2035, $100M 5.54% due 2037, $154.3M 5.93% due 2045, $100M 6.02% due 2055.
TXNM raises $200M via private placement to Zimmer affiliates; shares at $55.325
TXNM issued 3,615,003 shares at $55.325/share to Zimmer Partners and other purchasers for ~$200M.
TNMP completes prepayment of $1.084B in First Mortgage Bonds
Offered to prepay $1.505B aggregate principal; $1.084B validly tendered and accepted.
TXNM amends credit agreements to waive change-of-control default triggered by pending merger
Amended $300M revolver, $500M term loan, and $30.3M LOC to exclude merger with Troy ParentCo from change-of-control definition.
TXNM Energy to be acquired by Blackstone Infrastructure Partners for $61.25 per share in cash
Merger agreement signed May 18, 2025; TXNM shareholders to receive $61.25/share cash, no financing condition.
PNM and TNMP receive rate approvals; PNM $105M revenue increase, TNMP $25M annual increase
PNM's $105.0M revenue requirement increase approved by NMPRC, based on 9.45% ROE and 51% equity on $3.0B rate base.
Ms. Elisabeth A. Eden, Senior Vice President, Finance, announced her intention to retire, effective as of a date that is mutually agreeable between Ms. Eden and TXNM.
On May 18, 2025, the Board, upon the recommendation of the Nominating and Governance Committee (“NGC”), elected Henry E. Monroy, Vice President, Regulatory, of TXNM’s wholly-owned utility subsidiary, Public Service Company of New Mexico (“PNM”), as TXNM’s Senior Vice President and Chief Financial Officer (Principal Financial Officer), effective as of May 19, 2025, following Ms. Eden’s retirement from such role.
Max materiality 1.00 · Median 0.60 · Most common event other_material